Nearly 1,000 Firms Invest in Spot Bitcoin ETFs Since January Launch
937 firms invested over $11 billion in US spot Bitcoin ETFs in the first quarter - K33 Research $BTC $ETH $SOL - 44% of institutions own IBIT. - 65% own Grayscale Bitcoin Trust (GBTC). - 99% of institutions are US-based.
All we need now is to get the halving event behind us.
All the War talks are fading down, and people are starting to realize that the reality is less scary than they thought.
I believe that in the next few weeks we will see: 1. People stop talking about $BTC , and stop talking more about alt coins 2. $BTC dominance getting weaker - making more room for $ETH and the altcoins 3. Less war fud 4. More volume when all the degens are back from Dubai. #dubai #Crypto #HavlingBitcoin #BitcoinHalvingTrends Let the paper hands sell for cheap, soon the volume will be back up and the printing szn will continue
I remind you again that short term turbulence is just noise
Eyes on the big picture
𝗝𝘂𝘀𝘁 𝟭𝟬 𝗵𝗼𝘂𝗿𝘀 𝘂𝗻𝘁𝗶𝗹 𝘁𝗵𝗲 #BTC 𝗛𝗮𝗹𝘃𝗶𝗻𝗴 𝗲𝘃𝗲𝗻𝘁!
Excitement is in the air, and I'm feeling it too. But let's address a common misconception: many, especially newcomers and some greedy traders , believe that 𝗕𝗧𝗖 𝘄𝗶𝗹𝗹 𝗱𝗼𝘂𝗯𝗹𝗲 𝗶𝗻 𝗽𝗿𝗶𝗰𝗲 𝗮𝗻𝗱 𝗮𝗹𝘁𝗰𝗼𝗶𝗻𝘀 𝘄𝗶𝗹𝗹 𝗶𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲𝗹𝘆 𝘀𝗸𝘆𝗿𝗼𝗰𝗸𝗲𝘁 𝗮𝗳𝘁𝗲𝗿 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁.
While it's a fact that BTC's halving typically triggers a bullish trend and often leads to a massive alt season, but it's important to understand 𝘁𝗵𝗮𝘁 𝘁𝗵𝗶𝘀 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗵𝗮𝗽𝗽𝗲𝗻 𝗼𝘃𝗲𝗿𝗻𝗶𝗴𝗵𝘁. Take the last halving in May 2020, for example. BTC's price saw significant growth over time, rather than an instant surge.
So, while it's okay to feel optimistic, it's crucial to have realistic expectations. Assuming that crypto market will skyrocket immediately after this event is simply incorrect.
Do not panic as Markets never moves always one side....
#BTC just made the drop from the newly made resistance zone and broke the minor supports. Price is expected to reach the support zone of $BTC $64,800 - $66,000, where a reversal is expected. The Market is correcting itself which is annoyingly good to see as it will lead to a healthy market movement ahead.